HP Suing Former CEO for Violating Severance Agreement

(The Hosting News) – HP has filed a lawsuit against its ex-CEO Mark Hurd, who was recently named the new President at Oracle.

HP claims that Hurd puts “HP’s most valuable trade secrets and confidential information in peril,” by accepting the position at Oracle.

HP’s blog also says, “Mark Hurd agreed to and signed agreements designed to protect HP’s trade secrets and confidential information. HP intends to enforce those agreements.”

Although Hurd never signed a non-compete agreement, but he did however sign confidentiality agreements. HP claims that this makes his job at Oracle impossible. “By working at Oracle, he cannot help but utilize and disclose HP’s trade secrets and confidential information,” HP claims in its lawsuit.

* Your True Managed Services Provider - Cloud, Colo, Dedicated Solutions * Multiple Levels of Support to Ensure You Pay for Only What You Need * Focus More on Revenue Generating Activities and Applications * Technical Engineers are on call and available for 24 x 7 x 365 Support * Named to 2015 Managed Service Provider 500 List by CRN